InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) Shares Up 1.2% – Here’s What Happened

InfraCap Equity Income Fund ETF (NYSEARCA:ICAP)’s share price traded up 1.2% on Thursday . The company traded as high as $29.24 and last traded at $28.83. 39,529 shares traded hands during trading, an increase of 26% from the average daily volume of 31,432 shares. The stock had previously closed at $28.50.

InfraCap Equity Income Fund ETF Price Performance

The company has a market capitalization of $100.91 million, a P/E ratio of 19.06 and a beta of 0.99. The company has a 50 day moving average of $28.39 and a 200-day moving average of $28.12.

Institutional Investors Weigh In On InfraCap Equity Income Fund ETF

An institutional investor recently raised its position in InfraCap Equity Income Fund ETF stock. Janney Montgomery Scott LLC raised its holdings in InfraCap Equity Income Fund ETF (NYSEARCA:ICAP) by 181.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 33,878 shares of the company’s stock after buying an additional 21,850 shares during the quarter. Janney Montgomery Scott LLC owned about 0.97% of InfraCap Equity Income Fund ETF worth $891,000 at the end of the most recent quarter.

About InfraCap Equity Income Fund ETF

The InfraCap Equity Income Fund ETF (ICAP) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to provide exposure to global stocks that pay dividends during normal market conditions. The fund seeks to maximize income and pursue total return. ICAP was launched on Dec 29, 2021 and is managed by InfraCap.